OneWater Marine Inc. (NASDAQ:ONEW) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of OneWater Marine Inc. (NASDAQ:ONEW - Get Free Report) have earned an average recommendation of "Moderate Buy" from the five analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $31.25.

Several equities research analysts have commented on ONEW shares. KeyCorp cut their target price on OneWater Marine from $30.00 to $29.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 31st. Benchmark reaffirmed a "hold" rating on shares of OneWater Marine in a research report on Wednesday, July 31st.

OneWater Marine Stock Down 2.3 %

OneWater Marine stock traded down $0.53 during mid-day trading on Wednesday, hitting $22.22. The company's stock had a trading volume of 52,825 shares, compared to its average volume of 91,195. The firm's 50 day moving average is $23.61 and its 200 day moving average is $25.20. The company has a market cap of $356.03 million, a PE ratio of -3.90 and a beta of 2.57. OneWater Marine has a 52-week low of $20.00 and a 52-week high of $35.86. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.29 and a quick ratio of 0.35.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last announced its earnings results on Tuesday, July 30th. The company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($1.01). OneWater Marine had a negative net margin of 5.16% and a positive return on equity of 6.60%. The business had revenue of $542.44 million for the quarter, compared to the consensus estimate of $600.20 million. During the same quarter in the previous year, the company earned $1.95 EPS. On average, analysts anticipate that OneWater Marine will post 1.48 earnings per share for the current year.

Insider Buying and Selling at OneWater Marine

In other news, COO Anthony M. Aisquith bought 5,000 shares of the company's stock in a transaction on Tuesday, September 10th. The shares were purchased at an average price of $21.25 per share, with a total value of $106,250.00. Following the transaction, the chief operating officer now directly owns 729,316 shares in the company, valued at $15,497,965. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Philip Austin Jr. Singleton acquired 6,700 shares of the firm's stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average cost of $22.39 per share, with a total value of $150,013.00. Following the acquisition, the chief executive officer now owns 620,217 shares in the company, valued at approximately $13,886,658.63. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Anthony M. Aisquith acquired 5,000 shares of the firm's stock in a transaction dated Tuesday, September 10th. The stock was bought at an average price of $21.25 per share, for a total transaction of $106,250.00. Following the acquisition, the chief operating officer now owns 729,316 shares of the company's stock, valued at approximately $15,497,965. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 87,329 shares of company stock worth $1,936,799. Insiders own 18.70% of the company's stock.

Institutional Trading of OneWater Marine

Several large investors have recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC raised its holdings in OneWater Marine by 1.0% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 399,030 shares of the company's stock worth $13,483,000 after buying an additional 3,770 shares during the last quarter. Breach Inlet Capital Management LLC bought a new stake in OneWater Marine in the fourth quarter worth $8,781,000. SageView Advisory Group LLC purchased a new stake in OneWater Marine during the first quarter valued at $322,000. Vanguard Group Inc. increased its holdings in shares of OneWater Marine by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 581,355 shares of the company's stock worth $16,365,000 after buying an additional 11,227 shares during the last quarter. Finally, NBW Capital LLC raised its position in shares of OneWater Marine by 1.6% during the 1st quarter. NBW Capital LLC now owns 253,079 shares of the company's stock valued at $7,124,000 after buying an additional 4,100 shares in the last quarter. 94.32% of the stock is owned by institutional investors.

About OneWater Marine

OneWater Marine Inc operates as a recreational boat retailer in the United States. The company offers new and pre-owned recreational boats and yachts, as well as related marine products, such as parts and accessories. It provides boat repair and maintenance services. In addition, the company arranges boat financing and insurance; and other ancillary services, including indoor and outdoor storage, and marina services.